The Business Times
business-time-50

GL has deeper value than just 70¢ a share: analysts

They contend company's 18 hotel assets are 'highly undervalued'

Published Thu, Jan 21, 2021 · 09:50 PM
    Sum of the parts

    Singapore

    MALAYSIAN tycoon Quek Leng Chan is trying to take GL private on the cheap, say Lim & Tan Securities analysts. They are suggesting shareholders hold out for a better offer.

    Given that shares of GL have climbed above the offer price of S$0.70 - closing at S$0.715 on Thursday - the market may be in agreement.

    GL LimitedM&A

    TRENDING NOW

    Acting Minister for Manpower Jasmin Lau has reminded employers of their legal obligations to protect workers from the haze.

    Singapore identifies 7 firms responsible for haze fires, notices issued urging action: Grace Fu

    Robots for various purposes from caregiving to making coffee on display at the Shanghai Humanoid Robot Innovation Incubator.

    ‘How many will survive?’: Bubble fears arise as China’s humanoid robotics face reality check

    Nicholas Tan, Bank Jago’s retail banking director, says the lender wants to retain customers by providing broader financial services and increasing engagement.

    GIC-backed Bank Jago sees wealth management as next growth engine as Indonesian investor base grows

    Many older adults earn too much to qualify for subsidised care but cannot sustain the private-pay tiers, especially over the long term.

    Ageing in Asia: Huge potential for the consumer economy

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More